secwatch.observer — SEC 8-K summary
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Issuer:     Penumbra Inc (PEN)
CIK:        0001321732
Form:       8-K
Filed at:   2021-09-22T23:59:59+00:00
Accession:  0001321732-21-000082
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Penumbra enters M&A with Sixense; issues ~600K shares + options worth ~$300M
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- Issues ~600,000 shares of common stock valued at ~$170 million based on $280.88 VWAP.
- Grants fully vested options for ~520,000 shares valued at ~$130 million to Sixense service providers.
- Merger expected to close on or about October 1, 2021; Sixense to become wholly owned subsidiary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1321732/000132173221000082/0001321732-21-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1321732/000132173221000082/pen-20210917.htm
  HTML page:      https://secwatch.observer/filing/0001321732-21-000082

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer